Petco Q1 revenue up 5.4% to $1.56B, net loss $1.9M, reaffirms FY2023 guidance

Petco Health & Wellness Company, Inc.

2023-Q1 EPS reported -$0.01 revenue$1,555,908,000

Comparable sales grew 5.1% YoY (18th consecutive quarter); consumables +11.2%, services +25.4%.
Adjusted EPS $0.06 vs $0.14 prior year; adjusted EBITDA $111.0M, down 6.9% YoY.
Net loss of $1.9M ($0.01/sh) vs net income $24.7M ($0.09/sh) prior year, driven by higher interest expense.
Paid down $35M term loan in Q1 and $25M in May; targeting $100M total debt paydown in 2023.
Company reaffirms full year 2023 guidance; remains focused on de-levering balance sheet.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Petco Health & Wellness Company, Inc. reported first quarter of fiscal 2023 results: revenue $1.56 billion, net income Net loss of $1.9 million, EPS $(0.01) per diluted share. Guidance reaffirmed.

Period: first quarter of fiscal 2023
Revenue: $1.56 billion
Net income: Net loss of $1.9 million
EPS: $(0.01) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18 th consecutive quarter of comparable sales growth • Net revenue of $1.56 billion increased 5.4 percent year-over-year • Net loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Petco Health & Wellness Company, Inc. reported the quarter ended April 29, 2023 results: revenue $1.56 billion, net income $1.9 million, EPS $(0.01) per diluted share. Guidance reaffirmed.

Period: the quarter ended April 29, 2023
Revenue: $1.56 billion
Net income: $1.9 million
EPS: $(0.01) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18 th consecutive quarter of comparable sales growth • Net revenue of $1.56 billion increased 5.4 percent year-over-year • Net loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior

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Source: SEC EDGAR

accession 0000950170-23-023757

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